Analysis for July 11th, 2014

AUD USD, “Australian Dollar vs US Dollar”

Price’s first attempt to break daily Super Trend downwards failed; however, bears may try to do it again during Friday. If they succeed, pair may reach the 0/8 level quite soon.

AUDUSD

As we can see at H1 chart, price is moving between the 5/8 and 3/8 levels. If later pair breaks Super Trends and the 3/8 level downwards, price will continue falling down towards its next target at the 0/8 one.

AUDUSD


EUR GBP, “Euro vs Great Britain Pound”

Price rebounded from daily Super Trends and the 1/8 level, which means that market may soon break the 0/8 one and enter “oversold zone”. In this case, next target will be at the -2/8 level.

EURGBP

As we can see at H1 chart, Super Trends may form “bearish cross” very soon. In the near term, bears are expected to enter “oversold zone” and break the -2/8 level. In this case, lines at the chart will be redrawn.

EURGBP


XAG USD, “Silver vs US Dollar”

Silver finally stopped consolidating and reached new high. Price’s first attempt to break the 7/8 level failed, that’s why I closed one of my buy orders with profit. I’m still holding my second buy order with stop loss in breakeven, in case instrument continues moving towards the 8/8 level.

Silver

As we can see at H1 chart, Silver is moving inside “overbought zone”. In addition to that, price is supported by Super Trend and the 7/8 level, which means that it may start growing up again. In this case, in the nearest future instrument may break the +2/8 level and lines at the chart will be redrawn.

Silver

Before you enter foreign exchange and stock markets, you have to remember that trading currencies and other investment products is trading in nature and always involves a considerable risk. As a result of various financial fluctuations, you may not only significantly increase your capital, but also lose it completely. Therefore, our clients have to assure RoboForex that they understand all the possible consequences of such risks, they know all the specifics, rules and regulations governing the use of investment products, including corporate events, resulting in the change of underlying assets. Client understands that there are special risks and features that affect prices, exchange rates and investment products.

Recommended Content


Recommended Content

Editors’ Picks

AUD/USD recovers above 0.6750 after Australian jobs data

AUD/USD recovers above 0.6750 after Australian jobs data

AUD/USD picks up a late bid and recovers above 0.6750 in Asian trading on Thursday, following the release of mixed Australian employment data. The extended post-Fed US Dollar recovery, amid a cautious market mood, could limit the pair's upside ahead of US data. 

AUD/USD News
USD.JPY jumps toward 144.00 on the road to recovery

USD.JPY jumps toward 144.00 on the road to recovery

USD/JPY gains traction and approaches 144.00 in Thursday's Asian session. The uptick of the pair is bolstered by the impressive US Dollar recovery. Investors shift their attention to the US data and the Bank of Japan interest rate decision on Friday. 

USD/JPY News
Gold price remains on the defensive amid the post-FOMC USD recovery from YTD low

Gold price remains on the defensive amid the post-FOMC USD recovery from YTD low

Gold price struggles to lure buyers despite the Fed’s jumbo interest rate cut on Wednesday. A further recovery in the US bond yields underpins the USD and caps the non-yielding metal. Concerns about an economic slowdown, along with geopolitical risks, help limit the downside.

Gold News
Ethereum attempts recovery following first rate cut in four years

Ethereum attempts recovery following first rate cut in four years

Ethereum is trading above $2,330 on Wednesday as the market is recovering following the Federal Reserve's decision to cut interest rates by 50 basis points. Meanwhile, Ethereum exchange-traded funds recorded $15.1 million in outflows.

Read more
Australian Unemployment Rate expected to hold steady at 4.2% in August

Australian Unemployment Rate expected to hold steady at 4.2% in August

The Australian Bureau of Statistics will release the monthly employment report at 1:30 GMT on Thursday. The country is expected to have added 25K new positions in August, while the Unemployment Rate is foreseen to remain steady at 4.2%.

Read more
Moneta Markets review 2024: All you need to know

Moneta Markets review 2024: All you need to know

VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.

Read More

Majors

Cryptocurrencies

Signatures